Number of banks reached 25.0 banks in 2019 in Saudi Arabia, according to the National Central Bank. This is 4.17 % more than in the previous year.
Historically, number of banks in Saudi Arabia reached an all time high of 25.0 banks in 2017 and an all time low of banks in. When compared to Saudi Arabia's main peers, number of banks in Iraq amounted to 72.0 banks, 24.0 banks in Jordan and 59.0 banks in United Arab Emirates in 2019.
Saudi Arabia has been ranked 68th within the group of 140 countries we follow in terms of number of banks, 16 places above the position seen 10 years ago.